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Core Sector : November 2014

Improved coal, electricity, cement production and oil refining propelled the index of infrastructure industries to a five-month high of 6.7% in November and provided some cheer in an otherwise gloomy industrial sector. The index, which has a near 40% weight in the index of industrial production, had registered a 6.3% rise in October 2014 and 3.2% gain in November 2013.
Although coal production and electricity generation have been recording double digit growth rates for the past few months, activity at refineries and in cement plants witnessed a turnaround of sorts this November.
But the bad news came from fertilizers, crude oil and natural gas, which reported lower a production rate, while steel managed to clock a 1.3% rise.
During April-November 2014, the eight core sectors grew by 4.6%, compared to 4.1% in the corresponding period last year.

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